The U.S. dollar hovered near multi-month lows on Wednesday as Treasury yields eased from recent highs and investors awaited minutes of the Federal Reserve's latest policy meeting for clues on the path of interest rates. The dollar index was last at 99.65, while the euro rose to $1.1577 near a two-month high, sterling held at $1.3533 close to a three-month high, and the yen traded at 159.56 per dollar, still well above its recent intervention-supported levels but off a multi-decade low near 164. The pullback in yields followed signs of a softer U.S. economy, including unexpected job losses in July and mild inflation readings, which have led investors to scale back expectations for further Fed tightening. The benchmark 10-year Treasury yield fell to 4.702% and the 30-year bond yield slipped to 5.282%. Harvinder Kalirai, chief global fixed income and currency strategist at Alpine Macro, said the labor market and inflation surprise were rolling over, which typically narrows the dollar's yield advantage and points to a softer U.S. currency. Oil prices meanwhile climbed to near three-week highs as a stalemate in the Middle East kept inflation risks alive. President Donald Trump said on Tuesday there were no talks with Iran and insisted the Strait of Hormuz was open, contradicting Iran's assertion that the waterway remained shut to shipping. The Australian and New Zealand dollars were little changed at $0.7083 and $0.5874, respectively.